160 Washington Avenue, Portland, ME 04101 (MLS # 1622196)

Turnkey 5-Unit Investment in Prime Munjoy Hill Location! Seasoned investors know the value of location, layout, and low-maintenance assets"”this property checks all the boxes. Situated at the base of Munjoy Hill, one of Portland's most desirable and appreciating neighborhoods, this well-maintained five-unit building offers a solid, income-generating opportunity. All five units are two-bedrooms, a consistently high-demand layout that attracts long-term tenants. Interiors are efficiently designed, with spacious living areas, functional kitchens, and ample natural light"”units that rent easily and retain well. The building has been well cared for, minimizing deferred maintenance and immediate capex needs. Off-street parking adds a competitive edge in this urban market, boosting tenant satisfaction and retention. The location is a key asset: walkable to local dining, coffee shops, artisan retail, and the Eastern Promenade. Public transportation access and proximity to downtown further broaden the tenant pool. This is an ideal opportunity for investors looking to expand or diversify with a plug-and-play multifamily in a high-demand submarket. Whether you're growing a portfolio or executing a 1031 exchange, this Munjoy Hill asset delivers dependable performance and long-term upside.

Last Updated	5/11/2025	Tract	Munjoy Hill
Year Built	1985	Community	Munjoy Hill
County	Cumberland

Additional Details

AIR	None
BASEMENT	Interior Entry, Yes
HEAT	Baseboard, Forced Air, Hot Water, Zoned
LOT	6534 sq ft
LOT DIMENSIONS	0.15
MLS STATUS	Active
SEWER	Public Sewer
STORIES	3
STYLE	Colonial, Other
SUBDIVISION	Munjoy Hill
TAXES	11167
WATER	Public

Location

 

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